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People work on the floor of the New York Stock Exchange (NYSE) on July 07, 2026 in New York City. Spencer Platt | Getty Images International Business Machines shares slipped double digits on Tuesday after the hardware, software and consulting provider released preliminary second-quarter results that fell short of expectations. The tech company reported adjusted…
A federal judge has closed Bayview Asset Management’s massive data breach lawsuit, including OKing a big award for the plaintiffs’ attorneys. Processing Content U.S. District Judge Darrin P. Gayles issued a final judgement in the case last Friday, ending a saga that began with a hack at Bayview’s servicing subsidiaries in late 2021. Bayview agreed…
A third of banks do not maintain logs for GenAI models – Risk.net Skip to main content End of drawer navigation content Risk Benchmarking study finds few banks review prompt logs systematically, with larger firms focusing on higher risk use-cases This piece is part of a series benchmarking bank model risk management practices. Sign up…
Your first rental property rarely comes from sitting back and waiting. It usually comes when you put yourself out there, talk to others about what you’re building, and stay in the game long enough for the right moment to show up. That’s exactly what today’s guest did, and it led to a wild deal that…
Insurance company Hiscox is benefiting from a volatile global backdrop that means firms want to make sure that their assets – from their factories to the goods and services they sell – are properly insured. Meanwhile, the rise of the digital economy has created new types of insurance, such as protection against cyberattacks. It may…
The Australian Securities and Investments Commission revealed Monday that Deutsche Bank has paid a penalty of A$2 million after misreporting more than 260,000 over-the-counter derivative transactions, undermining the accuracy of data used to monitor Australia’s financial markets. ASIC issued an infringement notice to Deutsche Bank after identifying breaches of the ASIC Derivative Transaction Rules (Reporting)…
US regulators throw banks a curveball on committed credit lines – Risk.net Skip to main content End of drawer navigation content New Basel III charge on undrawn facilities will hit largest banks in areas like fund finance and credit cards The US Basel III redraft of March 2026 has mainly drawn praise from banks…
Founder and president of ‘Le Slip Francais’ underwear brand, Guillaume Gibault poses in the Bonne Nouvelle textile factory in Aubervilliers, surburb of Paris, on February 12, 2025. Thomas Samson | Afp | Getty Images French underwear brand Le Slip Français made its stock market debut in Paris on Tuesday, betting that consumers will pay for…
Fraudsters and privacy-conscious consumers have one thing in common. Neither wants to be easily found. For years, that overlap didn’t matter much. Privacy-minded consumers wanted to limit their data exposure and control how merchants stored their credentials. Fraudsters wanted to hide stolen identities and card numbers. Different motives, different corners of the system. Digital wallets…
Long global semiconductors remains the most crowded trade on record as BofA notes ‘no one is short’ !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}